• 3 minutes Natural gas is crushing wind and solar power
  • 6 minutes OPEC and Russia could discuss emergency cuts
  • 8 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 11 minutes Question: Why are oil futures so low through 2020?
  • 13 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 2 mins Oil and gas producers fire back at Democratic presidential candidates.
  • 6 hours So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 9 hours Peak Shale Will Send Oil Prices Sky High
  • 36 mins "Criticism of migration will become a criminal offense.  And media outlets that give room to criticism of migration, can be shut down." - EU Official to the Media.
  • 3 hours Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 11 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 3 hours CDC covid19 coverup?
  • 1 day “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 18 hours Democrats Plan "B" Bloomberg Implodes. Plan "C" = John Kerry ?
  • 1 day Who decides the Oil costs?
Why Cramer Is Wrong About Oil Stocks

Why Cramer Is Wrong About Oil Stocks

Mad Money host Jim Cramer…

OPEC Won’t Be Rushed By Coronavirus Fears

OPEC Won’t Be Rushed By Coronavirus Fears

Oil markets continue to focus…

Renewable Energy Benefits Environment, Economies

Renewable Energy Benefits Environment, Economies

Renewable energy, if properly adopted, could create better-paying jobs, improve international trade balances, and promote industrial development around the world.

That’s according to a new report from the International Renewable Energy Agency (IRENA) called “econValue – The Socio-economic Benefits of Solar and Wind Energy.” The report says fears of widespread job loss and other economic distress as a result of recent decisions by many governments to set caps on carbon emissions are unwarranted.

In fact, it says, a shift to renewables could actually benefit individual workers and economies as a whole.

The document examines the “macroeconomic variables” of how wind and solar energy affect not just the environment, but also the economy and society as a whole. These variables include how installing and maintaining renewable energy projects affect everything from jobs to gross domestic product.

The report, produced by the International Renewable Energy Agency (IRENA), shows political leaders how to exploit opportunities offered by renewable energy through investment in these technologies, as well as training new workers and researching improvements in the technologies.

“As many economies are still recovering from the global financial crisis, renewable energy offers an opportunity to grow economies, improve energy security, enhance energy access, and mitigate climate change,” IRENA Director-General Adnan Z. Amin said in a statement.

Related Article: Buffett Says He Will Double Investment In Renewables

“Policymakers around the world are exploring ways to stimulate social and economic growth through the renewable energy sector, and this report is an important step to support them on this path,” he added.

The econValue report was issued before the White House’s June 2 announcement of new regulations aimed at reducing U.S. carbon emissions by 30 percent below 2005 levels by 2030. One day later, China said it would begin to impose unspecified cuts in carbon emissions in 2016.

One frequent objection to the U.S. plan has been that it will kill jobs and weaken the economy, especially in states with robust coal industries. The econValue report concedes that mining jobs will be lost, but will be offset by clean-energy jobs.

Added benefits, it said, would be improved public health from less air pollution, lower costs for energy and less stress on the nation’s electricity grid.

By Andy Tully of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News